Arcus Capital Partners LLC Acquires 225,485 Shares of JPMorgan Ultra-Short Income ETF $JPST

Arcus Capital Partners LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 563.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 265,538 shares of the company’s stock after buying an additional 225,485 shares during the period. JPMorgan Ultra-Short Income ETF comprises about 4.8% of Arcus Capital Partners LLC’s portfolio, making the stock its 6th largest holding. Arcus Capital Partners LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $13,439,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Cardiff Park Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at approximately $25,000. Jackson Hole Capital Partners LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at about $28,000. Sittner & Nelson LLC acquired a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $30,000. Motiv8 Investments LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter valued at approximately $32,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock opened at $50.50 on Friday. The company has a market cap of $40.02 billion, a price-to-earnings ratio of 109.78 and a beta of 0.01. The stock has a 50 day simple moving average of $50.49 and a 200-day simple moving average of $50.57. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.39 and a 1-year high of $50.79.

JPMorgan Ultra-Short Income ETF Company Profile

The JPMorgan Ultra-Short Income ETF (JPST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated debt securities with an effective duration of one year or less. JPST was launched on May 17, 2017 and is managed by JPMorgan Chase.